UMB Bank N A MO decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 29,021 shares of the oil and gas company’s stock after selling 115 shares during the period. UMB Bank N A MO’s holdings in Marathon Petroleum Corporation were worth $1,519,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MPC. Cullinan Associates Inc. raised its position in shares of Marathon Petroleum Corporation by 0.9% in the first quarter. Cullinan Associates Inc. now owns 129,810 shares of the oil and gas company’s stock worth $6,561,000 after buying an additional 1,182 shares during the last quarter. Blockhouse Capital Management LP purchased a new position in shares of Marathon Petroleum Corporation during the first quarter worth approximately $14,970,000. Hartford Investment Management Co. raised its position in shares of Marathon Petroleum Corporation by 13.2% in the first quarter. Hartford Investment Management Co. now owns 147,217 shares of the oil and gas company’s stock worth $7,440,000 after buying an additional 17,182 shares during the last quarter. Buckingham Asset Management LLC raised its position in shares of Marathon Petroleum Corporation by 2.1% in the first quarter. Buckingham Asset Management LLC now owns 4,141 shares of the oil and gas company’s stock worth $209,000 after buying an additional 87 shares during the last quarter. Finally, Bank of The West raised its position in shares of Marathon Petroleum Corporation by 28.4% in the first quarter. Bank of The West now owns 49,717 shares of the oil and gas company’s stock worth $2,512,000 after buying an additional 10,990 shares during the last quarter. 81.58% of the stock is owned by institutional investors.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at 52.16 on Friday. Marathon Petroleum Corporation has a one year low of $39.29 and a one year high of $56.81. The stock has a market capitalization of $26.41 billion, a P/E ratio of 31.10 and a beta of 1.56. The stock has a 50 day moving average price of $54.14 and a 200 day moving average price of $51.64.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The business had revenue of $18.35 billion during the quarter, compared to analyst estimates of $19.98 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Marathon Petroleum Corporation will post $2.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 3.07%. Marathon Petroleum Corporation’s dividend payout ratio is currently 81.82%.

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A number of equities analysts recently commented on MPC shares. Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target on shares of Marathon Petroleum Corporation in a research note on Wednesday, April 19th. Scotiabank reissued a “hold” rating and set a $54.00 price target on shares of Marathon Petroleum Corporation in a research note on Friday, April 28th. Credit Suisse Group reissued a “buy” rating and set a $64.00 price target on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. BidaskClub raised Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $69.00 price target on shares of Marathon Petroleum Corporation in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.62.

In related news, insider Thomas M. Kelley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP C. Michael Palmer sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $53.25, for a total value of $213,000.00. Following the completion of the transaction, the vice president now owns 61,757 shares in the company, valued at $3,288,560.25. The disclosure for this sale can be found here. Insiders sold 33,568 shares of company stock worth $1,808,969 over the last quarter. 1.05% of the stock is currently owned by insiders.

Marathon Petroleum Corporation Company Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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Institutional Ownership by Quarter for Marathon Petroleum Corporation (NYSE:MPC)

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